MARKET & ECONOMY
The domestic order is worth Rs 3.45 billion. Meera Industries will deliver three sets of its newly launched Tape Drive CT-260 Twister or Cabler machines for BCF carpet yarn manufacturing space to Dodhia Synthetics.
The Bangladesh garment and textile exporters have been struggling with the second COVID wave and have requested the government to allocate a financial package to help them pay wages and festive allowances to workers.
COVID-19 has severely affected the garment industry, with exports dropping and 20% of people losing their jobs. AEPC has requested the government for an essential service tag that will free them from lockdowns.
The proposed world-scale polymer plant will produce 300 metric tons of PET (polyethylene terephthalate) per day for low-viscosity applications. The PET melt will further be processed into PET Chips and pre-oriented yarn.
In February, Pakistan surpassed India, Indonesia, and Vietnam in apparel and textiles export to the US.
Tamil Nadu CM has exempted large vertically integrated textile units, medical textile manufacturers and raw material providers to these industries from night curfew and Sunday lockdown.
LYCRA and ITOCHU will jointly produce the textile waste versions of COOLMAX and THERMOLITE. The EcoMade fibres will be made of textile waste transformed into fibres through a unique depolymerisation and refining process.
GCCI members and other textile traders have requested the CM to announce a seven-day lockdown to break the chain and control the second COVID wave better. Gujarat CM appreciates their efforts.
The COVID second wave worries textile-based micro, small and medium enterprises that were just starting to touch their pre-pandemic production capacity.